Central Penn College Financial Aid and Scholarships
Students Receiving Aid
85%
Total Aid Amount
$5.216M
Financial Aid Official Website
www.centralpenn.edu/college-services/financial-aid/
It is interesting to note that, every year, around 95% of students at CPC receive some kind of financial aid, while the total amount of assistance/loans provided is $6,898,700. The total percentage of candidates applying to Central Penn College who receive the Federal Grant is 59%. In comparison, 89% of the students are awarded the Student Grant, 66% get the Institution Grant, and 59% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,971, and the same stands at $4,145 for State Grant awardees and $3,538 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,123. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CPC, an estimated number of 86% of the applicants choose to go for student loans.
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